- Mapping of publicly-available data & client supplied information mix
- Alignment with the new "GRI Standards" which replaces GRI G4
- Guidance, assistance and tools to fill "missing" information efficiently
- Preparation of formal gap analysis as strategic project roadmap planning tool
- Existing efforts leveraged towards enhancing sustainability disclosure and reporting
More on GRI Standards Gap Analysis
The Global Reporting Initiative (GRI) is the world's most widely-adopted sustainability reporting guideline for sustainability reporting. In October 2016, the GRI released an update to its widely-used “G4” (for Generation 4) Guidelines. the "GRI Standards". The GRI Standards will be required for all GRI reports published after July 1, 2018. Early adoption is encouraged, and preparation should begin even earlier.
The G&A Institute team will conduct a GRI Standards Gap Analysis as a critical first step for a client working to move towards a GRI Standards-compliant report.
Typically, there are many pieces of information and data sets in various areas of existing public disclosure (and more available internally) that could qualify for essential GRI Standards disclosures. This project assists the client organization in the identification, systematic gathering, and organization of this information in order to deliver a strategic roadmap for their first GRI Standards report.
Our GRI Standards Gap Analysis Service includes these vital steps:
- A Gap Analysis is a first step in strategic planning and moving towards a globally-accepted GRI Standards 'Core' or 'Comprehensive' compliant report.
- The GRI Standards Guidelines feature 33 General Disclosures found in the universal standards.
- The GRI Standards feature three (3) universal standards ¾ GRI 101, GRI 102, GRI 103 ¾ that are applicable to all organizations, and 33 topic specific standards. (Examples are Economic - GRI 200 Series, Environmental - GRI 300 Series, and Social - GRI 400 Series.)
- To report “in accordance” with the “Core” level, organizations have to report on 33 General Disclosures found in the universal standards and one (1) disclosure from each of the topics specific standards that the organization identifies as material to the business.
- To report “in accordance” with the “Comprehensive,” organizations must report on all General Disclosures and all disclosures from each topic deemed to be material to the organization.
- Results of a G&A Standards Gap Analysis are a map of the required disclosures needed for the first in accordance with "Core" or "Comprehensive" level sustainability report.
- Our sustainability report analysts map where existing information exists (for example in NON-GRI or G4/G3.1 Sustainability Reports, CDP responses, investor responses, website pages, 10Ks, proxy statements, policies / procedures / codes -- and other client-supplied documents) that meet the specific GRI Standards disclosure requirements and identify gaps where required information is currently unavailable.
- We examine up to three (3) industry peers in the client's sector (preferably being GRI reporters) for the GRI Standards disclosure. This process enables us to score the indicators with a preliminary materiality score for each indicator, and will help to focus on key material indicators for your sector. Materiality is a key part of the GRI reporting process. These peer materiality scores will help the client organization's management team to prioritize specific sustainability aspects to report on and to determine which [of these] are most worthy of investing resources and time to address the gaps.
- With this exercise, the client's sustainability disclosures can be made more complete, comparable, robust and be of more value to the report user base (these include important stakeholders such as shareholders, customers, and employees). This process will help to increase the return on investment (ROI) of the client's existing sustainability investments & efforts.